Prince owns music rights

NEW YORK (AP) -- Prince now owns the rights to the music he recorded on Warner Bros. Records after years of disputes and battles with the record label.

Warner Bros. announced Friday that it had reached an agreement with the pop icon. Prince was signed to the label from 1978 to the mid-1990s, releasing key projects like "Purple Rain," "1999" and "Around the World in a Day."

Financial terms weren't disclosed.

Warner Bros. also said the 55-year-old singer would release "previously unheard material" from his tenure on the label. A 30th-anniversary edition of "Purple Rain" will be released this summer.

Prince said in a statement that he's "pleased with the results of the negotiations." He added that he's working on new music apart from Warner Bros.

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